Shrugging off the weak trend in Asian indices, the Sensex sailed in positive territory throughout the trading session on strong bullish sentiment and traded above the 12600 mark for a major portion of the day.
The breadth of the market was positive. Of the 2,646 stocks traded on the BSE 1,677 stocks advanced, 914 stocks declined and 55 stocks ended unchanged. Out of 11 sectoral indices on the BSE, eight indices ended in positive territory. The BSE Bankex ended firm with gains of 2.49% at 5809 while the BSE Metal index rose 2.21% at 11239. The BSE Oil & Gas index added 1.79% at 6394. However, the BSE Auto index, the BSE FMCG index and the BSE HC index ended weak.
Movers & Shakers
Reliance Natural Resources, which got the board’s nod to raise $300 million via FCCBs, ended in the green.
Zicom Electronic Security Systems notched up gains on reports of the launch of "ZlCOMhome", a sophisticated security system for homes in India.
JB Chemicals & Pharmaceuticals moved up on reporting a 35% increase in its Q4FY2006 net profit at Rs15.45 crore as compared to Rs11.44 crore for the quarter ended March 31, 2005.
Scandent Solutions, which announced the success of the first society for worldwide interbank financial telecommunication service bureau that supplies secure messaging services and interface software to financial entities worldwide, came under selling pressure.
